LREI has two ways to help protect your property and cover gaps in insurance. Tenant Insurance and Landlord Protection.
You are eligible to get Scheer landlord protection insurance starting at less than $1.00 a day.
While our company carefully screens to place the best-qualified tenants in your property, sometimes bad things happen to good people, like job loss, bankruptcy, divorce, health problems and more. By picking a plan, you are protected to ensure peace of mind for being paid for the following coverage:
Up to $50,000 in Malicious Damage
Up to 12 Weeks of Lost Rents
Up to $7,000 in Eviction Costs
Insurance arranged at Lloyds and available through SureVestor
Renters Insurance, powered by MSI provides $100,000 in liability insurance. We feel this is important int he event a tenant causes damage to your property.
Residents can choose $10,000, $15,000 or $30,000 personal property coverage. Policies also protect residents from guest medical expenses and emergency living expenses—all for as little as for $12.00* per month.
When is liability insurance needed?
Personal liability renters insurance gives tenants financial support if they are accused of or sued for failing to protect another person from a foreseeable risk, resulting in property damage or injury. For example, let's say their dog bites a passing jogger or a party guest and causes a trip to the hospital. Whether or not the incident takes place in their apartment, they could be liable for damages if the other person brings a claim against them because they failed to control their dog. Other scenarios could be negligence that leads to a worker's injury, swimming pools, trampolines, as well as failure to report a rotting tree to the landlord when a tenant is responsible for maintaining the property.